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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – Asian Wrap 25 Jan

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – Asian Wrap 25 Jan
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC correction underway, holding onto 50-DMA is critical

Bitcoin (BTC/USD) has stalled its correction from the record highs of $41,987, as the bears take a breather before the next leg lower. Markets resort to locking in gains after the parabolic rise, paving way for further downside correction. 

Ethereum refreshes record top towards $1,500 inside short-term rising channel

Ethereum buyers dominate sentiment as ETH/USD rises to the fresh high on record during early Monday. That said, the ETH/USD pair pierces the previous high of $1,440 to mark a new all-time top of $1,475.89. Upbeat RSI conditions, news from China’s GT also back Ethereum buyers.


Ripple Price Analysis: XRP bulls attack 200-bar SMA inside two-week-old falling wedge

XRP/USD stays strong near the recently flashed intraday high of 0.2767, currently around 0.32760, during early Monday. In doing so, the crypto pair flirts with 200-bar SMA while extending the weekend bounce off 0.2692.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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XRP consolidates as inflows and volume climb

XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.
Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.
South Korea crypto volumes shrink as retail investors shift to stocks

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.
Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.